RON 95 up 25 sen to RM1.95, RON 97 up 25 sen to RM2.25, diesel up 25 sen to RM1.95, per litre

The Domestic Trade, Cooperatives and Consumerism ministry (KPDNKK) has announced that come tomorrow (March 1, 2015), RON 95 petrol will be priced at RM1.95 a litre (+25 sen), RON 97 petrol at RM2.25 a litre (+25 sen) and diesel at RM1.95 a litre (+25 sen). As in February , RON 95 and diesel are similarly priced. The price jumps follow the sharp uptrend in global crude oil prices, with Brent currently in the US$60 (RM217) per barrel ballpark, from a US$50 (RM181) low in January. This is the first monthly gain for Brent since June 2014, and the greatest monthly percentage rise since May 2009. Subsidies for RON 95 petrol and diesel were discontinued exactly three months ago , and according to KPDNKK, their prices are, like RON 97 petrol, derived based on a managed float system, and will be reviewed monthly.